Federal support package: the pros, the cons, and the next shoe to drop

Here are some quick thoughts on the extensive package of emergency measures announced today by Prime Minister Trudeau, Finance Minister Morneau, and Bank of Canada Governor Poloz: The Pros: The government has worked quickly and creatively to find ways to deliver support to Canadians, and fast – using the infrastructure…
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Protecting workers is key to protecting public health

Financial markets missed the memo about not panicking over COVID-19. They panicked, big time: several days of gut-wrenching drops that wiped more than 10% (or US$7 trillion) from worldwide valuations. The meltdown quickly caught the attention of policy-makers, who are now moving heaven and earth to reassure financiers their money…
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What’s next for the new NAFTA? And what, if anything, can Canadians do about it now?

Implementing legislation for the new Canada­–U.S.–Mexico Agreement (CUSMA) is now before the House of Commons. While the U.S. and Mexico have already ratified the deal, our parliamentarians can still examine the 2,000-page text, which will have lasting impacts on many matters far beyond trade. The opposition parties have called for…
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Inconvenience and indifference

Indifference, said Antonio Gramsci, is “the mainspring of history.” By that he meant it is not the active few who determine what comes to pass, for better or worse, but “the absenteeism of the many.” The indifferent masses, he said, “allow the knots to form that in time only a…
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Canada’s lackluster performance under CETA should be a lesson

In July, several members of Parliament—including NDP and Green leaders Jagmeet Singh and Elizabeth May—sent a letter to French legislators urging them not to ratify the Canada-EU Comprehensive Economic and Trade Agreement (CETA). “We agree that trade between our countries and continents is important,” it read. “However, we believe in…
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